In a Series A round, Jain Cord, a cotton and linen fabric producer based in Gurugram, raised Rs 200 crore in its first institutional funding from the Lohia Family Office, which is run by Indorama Capital Holdings Pte. Ltd.

Key Highlights

• Jain Cord secures Rs 200 crore Series A funding from Lohia family office to expand manufacturing capacity.
• Investment will support technology upgrades, capacity expansion, and accelerated growth across domestic and export textile markets.

According to its regulatory filing with the Registrar of Companies (RoC), the board of Jain Cord Industries has raised a total of Rs 200 crore by issuing 31,79,550 compulsorily convertible preference shares (CCPS) and 100 equity shares at an issue price of Rs 629 per share.

On a post money basis, Jain Cord Industries is estimated to be worth approximately Rs 829 crore ($94.75 million).

According to the RoC filing, the new funding will be used for working capital needs, unsecured loan repayment, capital expenditures, business expansion, and sustaining general operational expenses.

Jain Cord Industries is a vertically integrated textile company that was established in 1960 that produces and processes textiles and clothing. With the help of cutting-edge production technologies and process-driven operations, the company provides end-to-end capabilities in weaving, knitting, dyeing, finishing, and clothing manufacturing.

Jain Cord services both domestic and foreign clothing businesses and is well-known for its woven textiles, such as velveteen and corduroy. With an emphasis on quality and compliance requirements, it runs manufacturing facilities in Gurugram and Kosi, which are close to Mathura. These facilities have a vast capacity to produce fabrics and garments.

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Following the new allocation, Indorama Capital Holdings Pte. Ltd will own 24.13% of Jain Cord Industries, while the promoters' shares will drop from 100% to 75.87% on a fully diluted basis.

Revenue for Jain Cord Industries increased from Rs 537.37 crore in FY24 to Rs 783.33 crore in FY25. In FY25, its profit was Rs 19.97 crore, up from Rs 12.52 crore in the previous fiscal year.